Charles Schwab Investment Management Inc. Buys 13,110 Shares of Royal Gold, Inc. (NASDAQ:RGLD)

Charles Schwab Investment Management Inc. lifted its holdings in shares of Royal Gold, Inc. (NASDAQ:RGLD - Free Report) TSE: RGL by 2.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 463,245 shares of the basic materials company's stock after acquiring an additional 13,110 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.71% of Royal Gold worth $56,034,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in RGLD. Private Advisor Group LLC boosted its position in Royal Gold by 3.1% during the third quarter. Private Advisor Group LLC now owns 3,835 shares of the basic materials company's stock worth $408,000 after purchasing an additional 115 shares during the period. Hussman Strategic Advisors Inc. grew its stake in Royal Gold by 0.4% in the 3rd quarter. Hussman Strategic Advisors Inc. now owns 30,600 shares of the basic materials company's stock valued at $3,254,000 after buying an additional 120 shares during the last quarter. Wellington Management Group LLP raised its holdings in Royal Gold by 0.3% in the 3rd quarter. Wellington Management Group LLP now owns 45,382 shares of the basic materials company's stock valued at $4,825,000 after acquiring an additional 125 shares during the period. Quent Capital LLC lifted its position in Royal Gold by 35.0% during the fourth quarter. Quent Capital LLC now owns 555 shares of the basic materials company's stock worth $67,000 after acquiring an additional 144 shares during the last quarter. Finally, Amalgamated Bank boosted its holdings in shares of Royal Gold by 0.4% during the third quarter. Amalgamated Bank now owns 43,346 shares of the basic materials company's stock worth $4,609,000 after acquiring an additional 158 shares during the period. 83.65% of the stock is owned by institutional investors and hedge funds.

Royal Gold Price Performance

Shares of NASDAQ:RGLD traded up $3.49 during midday trading on Friday, hitting $133.13. The stock had a trading volume of 435,155 shares, compared to its average volume of 424,473. The company has a quick ratio of 2.35, a current ratio of 2.50 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $8.75 billion, a P/E ratio of 39.03, a price-to-earnings-growth ratio of 7.22 and a beta of 0.88. The company's 50-day moving average price is $120.12 and its 200-day moving average price is $116.49. Royal Gold, Inc. has a fifty-two week low of $100.55 and a fifty-two week high of $133.34.

Royal Gold (NASDAQ:RGLD - Get Free Report) TSE: RGL last released its earnings results on Wednesday, May 8th. The basic materials company reported $0.91 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.04). Royal Gold had a return on equity of 7.96% and a net margin of 38.12%. The business had revenue of $148.90 million for the quarter, compared to the consensus estimate of $147.02 million. During the same quarter in the previous year, the company earned $0.96 earnings per share. The firm's revenue for the quarter was down 12.6% on a year-over-year basis. As a group, equities research analysts predict that Royal Gold, Inc. will post 4.51 EPS for the current fiscal year.

Royal Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Friday, April 5th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.20%. The ex-dividend date was Thursday, April 4th. Royal Gold's dividend payout ratio (DPR) is presently 47.20%.

Insider Buying and Selling at Royal Gold

In other news, SVP Daniel Breeze sold 1,500 shares of the firm's stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $130.73, for a total value of $196,095.00. Following the sale, the senior vice president now directly owns 14,840 shares in the company, valued at approximately $1,940,033.20. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, SVP Randy Shefman sold 500 shares of Royal Gold stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $113.00, for a total transaction of $56,500.00. Following the sale, the senior vice president now directly owns 12,127 shares of the company's stock, valued at $1,370,351. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Daniel Breeze sold 1,500 shares of the business's stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $130.73, for a total value of $196,095.00. Following the sale, the senior vice president now owns 14,840 shares in the company, valued at $1,940,033.20. The disclosure for this sale can be found here. Insiders have sold a total of 2,500 shares of company stock worth $304,685 over the last 90 days. Insiders own 0.52% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on RGLD. National Bank Financial raised Royal Gold from a "sector perform" rating to an "outperform" rating in a report on Thursday, February 15th. Jefferies Financial Group began coverage on shares of Royal Gold in a research report on Thursday, February 29th. They issued a "hold" rating and a $117.00 target price for the company. Cantor Fitzgerald downgraded shares of Royal Gold from an "overweight" rating to a "neutral" rating in a research note on Thursday, February 15th. Finally, BMO Capital Markets dropped their price objective on shares of Royal Gold from $162.00 to $160.00 and set an "outperform" rating for the company in a research note on Thursday, May 9th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $141.14.

Royal Gold Profile

Royal Gold, Inc, together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests. The company engages in acquiring stream and royalty interests or to finance projects that are in production, development, or in the exploration stage in exchange for stream or royalty interests, which primarily consists of gold, silver, copper, nickel, zinc, lead, and other metals.